About Me

2015-12-09

Ageing and robots in future Asia

I think Gunther has raised a very good point in terms of the likely widespread using of robots to replace simple and low skilled labour in the coming decades and its implications or interactions with the ageing demography in many countries.

In that context, it may not necessarily a bad thing there is a relative decline in the share of younger and working population, should the prediction of robots to replace labour on a very large scale. It is likely that the education including vocational education needs to train people to be have the skills to use, interact with, change and create robots.

Human capital may play a more important role in the economy and dictate international specialisation and trade.

Nevertheless, it will be important for many to understand such implications.